The prices in real estate in Kitchener, in the Ontario region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Kitchener has increased strongly during the last 6 months. In August, the average price per sq.feet was $399. In the following month the price per sq.feet increased considerably to $497. The price for the following two months in (October, November) had a considerable increment of 712 %. The price per sq.feet has had a considerable deflation of 36 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,819.25 to $648 during December, and January.
Based upon to the price in Kitchener (cities), these have remained the same in the last 6 months. The average price during our first sample month during August, is $330,223. During September the price went through a considerable rise reaching $391,920. During the following two months (October, November) the average price fell 89 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $340,481.25 to $310,499 in December and January.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $309,450 in Kitchener. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of ($387 / sq.feet) in Kitchener. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Kitchener we can see that the cheapest property type is "House" at a price of $309,450, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $387 / sq.feet. "House" with an average cost of $387 / sq.feet has the lowest price and would be directed at less affluent cities.